As 2014 comes to a close, new studies conclude what we already knew: the middle class is steadily disappearing and the rich are getting richer. What’s worse, this trend is apparently endemic to our economic system, and there is no end in sight.
A new sound bite may make the midterm rounds this fall. Two economists, one from UC Berkeley and one from the London School of Economics, have found that the percentage of wealth owned by the U.S. middle class has eroded to a level not seen since 1940.
Infographics on the wealth and inequality in the U.S. revealing the striking difference between what people think is the reality of wealth distribution and the real economic picture has already received over 10 million hits on YouTube.
The feature documentary film "Inequality for All" opens tonight in 28 cities across America. The movie follows former Secretary of Labor Robert Reich as he looks to raise awareness of America's widening income inequality.
New York -
New York is both a center of global finance and culture while plagued with a verity of social problems. With its ongoing mayoral election, the attention should be focused on candidates and what they propose as a solution to the cities problems.
One year since Occupy Wall Street became one of the leading political movements, the left-leaning Broadbent Institute published a report that highlights income inequality as one of the most important issues facing Canada.
New figures released by the US Census Bureau on Wednesday reveal that 46.2 million Americans, including 16.1 million children, are poor, and that median household income declined in 2011. Income inequality increased to its highest level in 45 years.
Rio De Janeiro -
Bank of Canada deputy governor Tiff Macklem delivered a speech to a business audience, in which he argues for public officials to enact policies that would rein in the free market and address income inequalities.